Tag: Short Term Rental Properties

2022 Trends for the Hospitality Industry

2021 has had many highs and lows for the hospitality industry.  COVID-19 restrictions were reduced as vaccinations were offered to the public which resulted in increased travel again.  However, the hospitality industry and many other industries struggled with product availability and enough employees to help business operations run smoothly.  This resulted in congestion at the ports, less frequent truck shipments, and longer wait times.  COVID-19 brought about many changes to the hospitality industry that will likely stay for the long-term.  This blog offers insight into some common trends that should be expected in the hospitality industry for 2022.  This includes a continuation of local travel, workcationing remaining popular, short-term rental property demand, sustainability awareness, and an increase in technology.

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Hospitality Industry Returning to Normal

It’s been a little over a year since the COVID-19 pandemic began.  Lots of change has occurred in many different industries since that time and hospitality is no exception.  People stopped traveling as frequently, didn’t go out to restaurants, and many large events like concerts and sports games were cancelled.  With vaccines getting distributed, it looks like life is slowly beginning to return to normal.  This is great news for property managers, innkeepers, and others working in the hotel, lodging, and rental property section of the hospitality industry.  With so many people choosing to not take a vacation over the past year, many experts are predicting a large volume of guests to be booking reservations at properties this coming summer.  This blog will explain how travel and guest stays are returning to normal, the emergence of short-term rental properties, and how a new demand for other types of businesses will form.

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